Parkland Residential Secures Construction Financing for Phase 2 of Sweetwater Springs

Sweetwater Springs Phase Two has secured construction financing from The Piedmont Bank.

Parkland Residential has secured construction financing from The Piedmont Bank for Phase Two of Sweetwater Springs in Lawrenceville. Land Development is complete, and framing will start soon on the 37 stacked townhomes in Phase Two of this build-to-rent community.

“I’d like to thank The Piedmont Bank for supporting this new phase with a $8 Million construction loan,” said Jim Jacobi, President of Parkland Residential. “We already have a long interest list for this second phase showing the amount of pent-up demand for rental homes in the market.”

Sweetwater Springs Phase One opened three years ago and remains a popular Lawrenceville rental option as it is 100% leased.

“Our first resident moved in three years ago and is still living in the community,” states Jacobi.  “And unlike many build-to-rent communities, we still own the community and have no plans to sell.”

Phase Two, located just across the street from phase one, adds 37 new rental townhomes, bringing the total number of homes in Sweetwater Springs to 95. The community’s additional amenities in Phase 2 include a swimming pool and cabana.

Sweetwater Springs phase 2. BTR community in Lawrenceville, Georgia.

About Sweetwater Springs

This all-inclusive, build-to-rent community is perfect for renters who value the convenience and flexibility of a maintenance-free lifestyle along with the lavish features typically associated with homeownership. This unique community offers an ideal solution for renters who prioritize having the freedom to travel and ease of living without the commitment of owning a home.

The two or three-bedroom stacked townhomes in Sweetwater Springs are designed with rear entry access and a one-car garage. Each townhome features an oversized primary suite with a walk-in closet and a luxurious bathroom with dual vanities. The open floor plan includes large kitchens, family rooms, and covered outdoor living areas, making the townhomes perfect for entertaining. The three-bedroom units come with a loft and offer up to 1,958 square feet of living space, while the two-bedroom units provide 1,636 square feet of living space.

Sweetwater Springs is filling the gap for the “missing middle” housing by transforming underutilized commercial areas into appealing, functional living spaces. This innovative approach addresses the need for affordable housing and contributes to the community’s revitalization. Sweetwater Springs sets a new standard for residential development as the first build-to-rent community in Gwinnett County to offer stacked townhomes.

More Information

Located at 1510 Duluth Highway in Lawrenceville, within the prestigious Peachtree Ridge High School district. Sweetwater Springs offers walkability to amenities that support a modern, hassle-free lifestyle.

For more information on how to join this vibrant community, call 470-402-2300 or email sweetwatersprings@primprop.com to speak with Aimee Adams, Leasing Director. Details on leasing options are available at www.SweetwaterSpringsTownhomes.com.

For more information on Parkland Residential or Parkland Communities, visit www.Parklandco.com.

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Parkland Residential Closes $57 Million Loan for Grove Landing

Parkland Residential Closes $57 Million Loan with Encore Finance for Grove Landing

Warner Robins build-to-rent community partners with Encore Finance

Parkland Residential announces it has successfully closed a $57 Million aggregation loan with Encore Finance to provide financing for completed homes at the build-to-rent community Grove Landing, located in the rapidly growing Houston county submarket near Robins Air Force Base.

“It is a big accomplishment to obtain a $57 million loan in this lending environment,” stated Parkland Residential President Jim Jacobi. “It’s a testament to the strength of our home building company, rental success, and proven product.” We are thrilled to partner with Encore Finance on this project.”

The financing was originated by Avi Kozlowski, Managing Director at Greystone, along with Greystone’s Thomas Wayda, Managing Director, and Dante Distefano, Analyst, handling the debt placement. Meanwhile, Synovus Bank is providing all construction financing for newly built homes.

About BTR Community Grove Landing

Grove Landing is the only single-family build-to-rent community in Houston County. It is planned for 317-homes, offering all-inclusive living for the residents. Leasing is strong in the community, where 75 homes have already been leased this year.

Offering a high standard of living, residents enjoy a maintenance-free lifestyle enriched with resort-style amenities, including a swimming pool with a cabana, a large playground for children, pocket parks and a spacious playfield.

The community’s all-inclusive living experience allows residents the freedom to focus on what truly matters to them. Grove Landing provides all yard maintenance, pest control, home repairs and appliances.

The homes range from two, three, or four bedrooms featuring craftsman-style exteriors, large porches, carports, or one-car garages. Inside, residents are treated to luxurious finishes, including granite countertops, Mohawk Revwood Luxury flooring, two-inch blinds, and a full suite of stainless steel appliances. In-unit, full size washers and dryers are also included. Residents have the option to add a five-foot wooden privacy fence to their home after move-in. Additionally, all homes come with smart locks and security systems, with the option to add more smart home features.

Potential residents are encouraged to tour the community with on-site leasing agent Ron Telfair. Grove Landing is conveniently located near Robins Air Force Base.

About Warner Robins

Warner Robins is a vibrant city that embodies the essence of southern hospitality. It is situated just 90 minutes south of Atlanta. The city is home to Robins Air Force Base, the largest employer in the area, and has a thriving industrial sector featuring prominent companies. The upcoming opening of Pratt Industries’ new $120 million facility further demonstrates the city’s economic strength and growth prospects.

For more information, email GroveLanding@primprop.com or call 478-366-2050. Details on leasing options are available at www.GroveLandingHomes.com.

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Parkland Communities Opens New Alpharetta Office 

Parkland Communities opens new Alpharetta office building.

Members of the Alpharetta Chamber of Commerce joined Parkland Communities to celebrate the grand opening of its new Alpharetta office building at 363 South Main Street in Alpharetta, Georgia, with a ribbon cutting celebration. The new building serves as the company’s headquarters and offices for Parkland Communities, Parkland Residential and Parkland Homes.

Alpharetta office building
Alpharetta Chamber of Commerce joins Parkland Communities for a ceremonial ribbon cutting.

“Congratulations on your office! What a beautiful transformation of a building that has historic value to the story of Main Street and the City of Alpharetta,” said Deborah Lanham, CEO & President of the Alpharetta Chamber of Commerce.

Alpharetta General Store in 1950s on Hwy9 / Main Street.
Alpharetta General Store in 1950s on Hwy9 / Main Street.

This building was originally the Rudasill Grocery store dating back to the early 1950s when Main Street was just a small two-lane rural road. TSW provided the architecture plans for the new design, and the general contractor is Parrish Construction.

“If only walls could talk, the stories and history this building would tell,” Parkland Communities President Jim Jacobi said. “The grocery store was the heart of the community in the 1950s. We admire the provenance of the building and are thrilled to restore this building so its legacy continues for generations to come.”

Parkland Communities is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

Home builders looking for lots and landowners with a desire to sell should contact Jim Jacobi at Parkland Communities to explore opportunities.

For more information on Parkland Communities, visit www.ParklandCo.com.

Click here for Parkland Communities news.

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Parkland Communities Seeks Director of Construction Operations

Parkland Communities Seeks Director of Construction Operations

Who wants to be a Millionaire?! Parkland Communities, Inc is searching for a Director of Construction Operations. This one-of-a-kind opportunity includes a predetermined pathway to OWNERSHIP!!!

“It has become so overly expensive to start a home building company that it stops most people from pursuing their dreams,” said Parkland Residential President Jim Jacobi. “This opportunity will start as an employee but grow into ownership with no cash investment required.”

This is an exceptional opportunity to work with a quickly growing company led by a proven entrepreneur with a stellar reputation who has already been there and done it!

Jacobi has already made a name for himself in the Southeast’s residential development and building industry. In 2007 Jim founded JEH Homes along with his business partners. They grew the company into one of Georgia’s top 10 home builders before being purchased by Taylor Morrison for more than $70 million in 2015.

In 2017, Jacobi and his partners founded Alliance Engineering & Planning, LLC. They grew the company into one of Atlanta’s leading Planning, Civil Engineering, and Surveying companies. AEP was recently bought for $20 million in November 2022 by LJA Engineering, Inc.

Now, Jacobi is creating one of the fastest-growing Build-to-Rent companies in Georgia, with more than 1,000 lots throughout Georgia already in its pipeline.  When asked about his ideal candidate, Jacobi replied, “I’m looking for the best leader in the business, who is ready to take a giant step forward in their career towards ownership.”

The Director of Construction Operations will be responsible for closely managing the day-to-day operations of all home building-related responsibilities for every new home community. The Director of Operations is an executive-level position. It is expected to be a proven leader, entrepreneurial-minded, and foster an exceptional company culture to promote employee retention, subcontractor loyalty and create a safe workplace environment.

Apply on Indeed

Parkland Communities, Inc., is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.ParklandCo.com.

Click here to read more Parkland Communities news.

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Parkland Residential Breaks Ground on Sugarloaf Landing

Dirt is moving at Sugarloaf Landing, a build to rent project in Lawrenceville, Georgia.

Parkland Residential has started development at Sugarloaf Landing, a build-to-rent community featuring 114 stacked townhomes in Lawrenceville, Georgia. Located on 10 acres at 3440 and 3460 Sugarloaf Parkway near the intersection of Sugarloaf Parkway and Five Forks Trickum Road, developer Parkland Communities broke ground last week.

“It is a great feeling to see dirt moving at this long-anticipated community,” Parkland Residential President Jim Jacobi said. “Gwinnett has a large housing deficit, and Sugarloaf Landing will help meet the need for attainable housing.”

Dirt is moving at Sugarloaf Landing, a build to rent project in Lawrenceville, Georgia. Sugarloaf Landing features rear-entry stacked townhomes with one-car garages and two or three bedrooms, including oversized, private owner’s suites with huge walk-in closets and stylish baths with dual vanities. The spacious, open floor plans feature sizable kitchens that open into oversized family rooms. Covered outdoor living spaces with views of greenspace and woods are perfect for enjoying crisp spring nights and entertaining guests.

Residents will enjoy the resort-style amenities, including a swimming pool, cabana, playground, nature preserve, playfield, sidewalks, tot lot and pocket parks. Additionally, an abundance of shopping and restaurants within a short walk from the community.

Sugarloaf Landing, a build to rent project in Lawrenceville, Georgia. The three-bedroom units offer two-and-a-half baths plus lofts with 1,958 square feet of total living space, while two-bedroom units offer 1,636 square feet of total living space. Residents can enjoy a maintenance-free lifestyle while renting for less than owning a home, with pricing starting at $2,400 per month.

Parkland Residential designed these unique stacked townhomes specifically to repurpose under-utilized commercial parcels and supply missing middle homes. The concept of the missing middle is defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence. Still, it is really a duplex, quad, eightplex or more. Missing middle housing goes hand-in-hand with affordable housing. Consumers want to live near work but can’t always afford to, and providing various housing options helps meet this need.

Managed by Lincoln Property Group, Sugarloaf Landing is located at 3440 and 3460 Sugarloaf Parkway in Lawrenceville. For more information, call 470-402-2300 or visit the Lincoln Property Company website at www.lpc.com.

Parkland Residential is a new homebuilding company focused on creating build-to-rent communities. Based in metro Atlanta, the build-to-rent company’s goal is to provide affordable missing middle housing in locations where consumers want to live. Parkland Residential plans to build many build-to-rent communities over the next several years.

Parkland Communities, Inc., the sister company to Parkland Residential, is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.ParklandCo.com.

Click here for more Parkland Communities news.

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Jacobi to Present as Featured Panelist at IMN Build-to-Rent Forum

Jim Jacobi, president of Parkland Communities and Parkland Residential, is a featured panelist during the 8th annual IMN Build-to-Rent, Land & Homebuilding Forum in Nashville

Jim Jacobi, president of Parkland Communities and Parkland Residential, is a featured panelist during the 8th annual IMN Build-to-Rent, Land & Homebuilding Forum in Nashville, Tennessee, March 2 – 3, 2023. This industry-leading event focuses on private equity, debt and joint venture financing in the land and homebuilding markets.

With more than 1,000 BTR lots entitled in the Atlanta metro, Jacobi will share what he has learned during this process in the session “Land & Lot Acquisition, Financing and Risk Assessment Strategies” from 12:15 – 1 p.m. in Track B.  Jacobi will share his expertise on a panel along with Jeffrey Lucas, Vice President JEN Partners, Jan Kurzenberger, Director of Lennar, Batey McGraw, National Vice President – Land with Dream Finders Homes, Scott Lamontagne, Managing Director, Investment Sales with Northmarq and Mike Bednarski, Managing Partner with LyvWell Communities.  A lively discussion will cover hot build-to-rent topics, including:

  • How do you see land prices trending in the next 6-12 months?
  • How are you underwriting land deals today?
  • Does your strategy vary by market?
  • Are you targeting raw, entitled or finished lots?
  • Which financing options are most attractive in this environment?
  • How has your risk assessment model changed since the beginning of the pandemic?
  • What are the main operational challenges you are facing?

“The IMN Build-to-Rent Forum in Nashville is focused on the business of BTR from the homebuilder and funds perspective,” said Jacobi. “Parkland Communities has a large pipeline of BTR communities in development and coming online in 2023; we are searching for debt sources for BTR communities.”

With decades of experience presenting land plans to zoning review boards and more than 10,000 developed residential lots in his vast portfolio, Jacobi understands how to work within the system to zone new for-sale homes, but build-to-rent communities often add complexity to zoning timelines with variables that aren’t typical objections during zonings for build to sale communities.

Jacobi spoke at the IMN Single Family Rental Forum in Scottsdale, Arizona, last December.  On “Buying Entitled vs. Raw Land/Using A Merchant Builder vs. Keeping In-house/Selling Pre- vs. Post Occupied.” Currently, 16 million homes or 11.5% of total homes in the United States, are now single-family rental properties.

For more information on this event, visit https://events.imn.org/event/b0e18b8b-f57e-4d17-951a-236373b9bfe5/summary.

In 2020, Jacobi formed Parkland Residential; a homebuilding company focused on developing and creating build-to-rent communities. Parkland Residential focuses on the underserved missing middle market, defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence but is really a duplex, quad, eightplex or more.

Well-known as a developer in the Atlanta real estate market, Jacobi also runs Parkland Communities Inc., a company that develops communities for local, regional and national home builders.

Based in Atlanta, Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.ParklandCo.com.

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Jacobi Speaking at Zonda’s Future of Build to Rent Conference

Jim Jacobi with Tim Sullivan from Zonda

Jim Jacobi, president of Parkland Communities and Parkland Residential, is a featured speaker at Zonda’s The Future of Build to Rent conference located in Dallas, Texas, March 27 – 28, 2023. This event provides a data-grounded exploration of what 2023 holds for Build to Rent. The conference looks at supply and demand forecasts, hot and not markets, potential headwinds, and other economic factors impacting this homebuilding market segment.

Photo: Jim Jacobi (right) showing Tim Sullivan with Zonda his stacked townhome plans.

Jacobi presents “Top Ingredients in a Successful BTR Community” on Tuesday, March 28, from 1:15 to 2 p.m. CT. As the single-family build-to-rent industry continues to grow, BTR builders and operators are leaning into segments of the business, identifying community needs and market trends, honing their products and building on successes. In this session, Jacobi shares his winning business strategies and lessons learned in building his BTR business and finding his space in this growing industry. This session will be moderated by Mollie Carmichael, Principal, Zonda Advisory.

With a unique approach to build-to-rent, Jacobi created Parkland Residential to build BTR communities exclusively, but instead of building single-family homes, Jacobi focuses his BTR communities on townhomes.

“By building townhome communities for rent, I can focus on a more affordable rental rate while still creating amenity-rich environments that today’s renters seek.”

Building on the success of Sweetwater Springs, where Jacobi leased 58 townhomes within 90 days before construction was even complete, Parkland Residential will break ground on more than 1,000 BTR lots around metro Atlanta this year.

Parkland Residential’s BTR communities feature a unique stacked townhome product designed to repurpose under-utilized commercial parcels and create missing middle housing.

Appealing to selective renters, Parkland Residential attracts an affluent demographic seeking a hassle-free lifestyle and choosing to rent instead of buying a home. Freedom to travel, no maintenance and the flexibility to easily move; all rank high on why people rent. Combine those factors with walkability and amenities,

“The Zonda event in Dallas is focused on the business of BTR from the homebuilder and funds perspective,” said Jacobi. “Parkland Communities has a large pipeline of BTR communities in development and coming online in 2023; we are searching for debt sources to finance new BTR communities.”

With decades of experience presenting land plans to zoning review boards and more than 10,000 developed residential lots in his vast portfolio, Jacobi understands how to work within the system to zone new for-sale homes but build-to-rent communities often add complexity to zoning timelines with variables that aren’t typical objections during zonings for build to sale communities.

For more information on Zonda’s The Future of Build to Rent conference, visit https://forecast.builderonline.com/.

In 2020, Jacobi formed Parkland Residential, a home building company focused on developing and creating build-to-rent communities. Parkland Residential focuses on the underserved missing middle market, defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence but is a duplex, quad, eightplex or more.

Well-known as a developer in the Atlanta real estate market, Jacobi also runs Parkland Communities Inc., which develops communities for local, regional and national home builders.

Based in Atlanta, Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders. For more information on Parkland Communities, visit www.ParklandCo.com.

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Parkland Communities Donates $92,000 to Local Organizations

Jubilee Christian Church receives donation from Parkland Communities.

Jubilee Christian Church International & Oasis Sober Living Program benefit from outreach

Parkland Communities believes in being a responsible corporate citizen. Last year was no exception, with the developer providing year-end gifts to two worthwhile organizations – Jubilee Christian Church International & Oasis Sober Living.

Corporate social responsibility is a cornerstone of Parkland Communities’ brand. Since its inception, the developer has donated more than $1 million to local mission-driven Christian organizations.

“Giving back to the communities where we do business is important to the entire team at Parkland Communities,” said Jim Jacobi, President of Parkland Communities. “I believe that charity starts at home, and the bulk of our philanthropic efforts include supporting mission-focused private schools, funding addiction rehabilitation, conserving nature and more.”

Jubilee Christian Church International received $85,000 from Parkland Communities to help support its growth plans. Led by Pastor Dr. Michael Adebiyi, the South Gwinnett church ministers to all nations and races locally and internationally. The church has a Youth Ministry called Scripture Café, which engages the youth in spiritual, physical and intellectual activities through fellowship, leadership training, and field trips to help them develop into well-rounded individuals that will impact their communities positively.

The development in the area presents perfect timing for the church to implement its growth plan. Between Parkland Communities’ development adjacent to the church and a separate new community a bit further down the road, 474 families will have opportunities to move to the area.

Jubilee Christian Church plans to positively impact the community by building a top-class daycare center, ministering to children, and scaling up its youth ministry.

“Jim’s generosity through Parkland Communities will allow us to welcome every family with a fruit basket as they move into the community. We hope they will see us as their spiritual growth partner and neighbor,” said Dr. Adebiyi. Every month, the church will host a welcome dinner for those who moved in that month.

The church youth’s church service, Scripture Café, offers a weekly café style contemporary youth service with coffee and other pastries available for the youths during and after worship. They share the word, pray for the cause of the week, and participate in a nationwide campus fellowship organization that prepares them for college, including applying to schools, understanding financing, and much more. One of the church’s goals is to build a sanctuary for the youth ministry.

“Jim’s donation is coming to hatch our egg and allow it to fly,” said Dr. Adebiyi. Our vision was inside a financial shell, and Jim has come to break the shell open to help us find expression. And this is just the first step. We plan to also partner with city and county stakeholders to make a more significant difference.”

For more information on Jubilee Christian Church International, visit https://jccihog.org or call 770-413-0202. Join Jubilee for worship at 1640 East Park Place Boulevard, Stone Mountain, Georgia, 30087.

Parkland Communities also made a year-end donation to Oasis Sober Living of $6,376 to support the non-profit recovery residence, which provides clean and sober living with a 12-step-based, structured environment. “Oasis” is a sister program to Breakthrough Recovery Outreach (BRO) which offers affordable housing options for individuals who cannot afford a traditional private residential treatment program but have Medicaid insurance. Oasis Sober Living is located in Tucker and is led by Director Paulette Jacobs.

Based in Atlanta, Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.parklandco.com or call 404-456-5562.

Tune into Atlanta Real Estate Forum Radio Episode 1,134 for an interview with Jim Jacobi: Upcoming Projects, Build-to-Rent, Refinancing.

Click here for more Parkland Communities news.

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Jacobi to Present as Featured Panelist at IMN Single Family Rental Forum

IMN Single Family Rental Forum

Jim Jacobi, president of Parkland Communities and Parkland Residential, is a featured panelist during the 10th Annual IMN Single Family Rental Forum in Scottsdale, Arizona, December 5 – 7, 2022. This industry-leading event brings together REITs, funds, aggregators, investors, developers, home builders and others for two-and-a-half days of lively discussion, thoughtful debate, and networking.

Jacobi has entitled +1,000 BTR lots around Atlanta and will provide thought leadership in the session, “Buying Entitled vs. Raw Land/Using A Merchant Builder vs. Keeping In-house/Selling Pre- vs. Post Occupied.” Session Chair Melanie Pennell-Mayer, CEO of Associated Ventures, will lead the discussion covering many hot build-to-rent topics, including:

  • Who should you use to help you buy/sell the land?
  • Streamlining the entitlement process.
  • Role of local market knowledge/experience and how unique the process is across different markets.
  • Sourcing materials and labor.
  • Tax, insurance and financing considerations and complexities.
  • Should you be using a land bank?
  • Payment structures and waterfall.

In addition to Jacobi, panel participants include Aimee Martin, Principal at ASM Real Estate Advisors; Kelli Lawrence, CEO of Onyx and East and Paul Megler, EVP-Portfolio Management and Strategic Relationships with Walton Global.

“I look forward to meeting industry leaders to discuss build-to-rent financing as it has become challenging to find,” said Jacobi. “Parkland Communities has a large pipeline of BTR communities in development and coming online in 2023; we are searching for debt sources on BTR communities.”

With decades of experience presenting land plans to zoning review boards and more than 10,000 developed residential lots in his vast portfolio, Jacobi understands how to work within the system to zone new for-sale homes, but build-to-rent communities often add complexity to zoning timelines with variables that aren’t typical objections during zonings for build to sale communities.

The recent IMN Forum in Miami welcomed over 1,700 single-family rental professionals, making the IMN conference the largest and most renowned deal-making event for the SFR industry.

According to IMN, Single Family Rental investments continue to soar, with multi-million securitization deals taking place monthly. Currently, 16 million homes or 11.5% of total homes in the United States, are now single-family rental properties.

For more information on this event, visit https://events.imn.org/event/21258c50-d497-4a3a-976a-dfa7805c440b/summary.

In 2020, Jacobi formed Parkland Residential; a homebuilding company focused on developing and creating build-to-rent communities. Parkland Residential focuses on the underserved missing middle market, defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence but is really a duplex, quad, eightplex or more.

Well-known as a developer in the Atlanta real estate market, Jacobi also runs Parkland Communities Inc., a company that develops communities for local, regional and national home builders.

Based in Atlanta, Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.ParklandCo.com.

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Parkland Communities Permits 389 Home Project in Stonecrest

Plat map of Stonecrest Development showing plan for townhomes, single family homes and amenities

Parkland Communities Inc., a privately-owned, multifaceted real estate development and investment firm in Atlanta, announces that Land Development Permits are in hand for 389 lots in the City of Stonecrest located on Hayden Quarry Road at Turner Hill Road.

Located along the I-20 growth corridor in DeKalb County, the community includes both build-to-rent townhomes and single-family homes for sale. Crestwind Township will feature 260 build-to-rent townhomes; this is one of the largest build-to-rent projects in Georgia. Crestview Pointe will offer 129 homes constructed as single-family for-sale homes with two-car garages.

“This 389-home development offers the perfect reverse commute for any of the 7,500 employees at the new $5 billion Rivian plant, just 25 minutes away,” Parkland Communities President Jim Jacobi said. “We anticipate a huge response to this community as it offers both homebuyers and renters a variety of options and amenities in a thriving area where they want to live.”

Planned community amenities include abundant green space, nature trails, sidewalk-lined streets, a clubhouse, swimming pool, playfield and tot lot.

Creatively master-planned by Alliance Engineering and Planning, the community is located near Stonecrest Mall and New Black Wall Street. Easy access to I-20 is perfect for commuters, and a future MARTA Park and Ride will be directly across the street, connecting directly to the New Black Wall Street and The Mall at Stonecrest.

The Mall at Stonecrest is undergoing redevelopment to include a sports and entertainment complex, cosmetics superstore, new boutique stores and more. An aquarium called SeaQuest at Stonecrest is now open, and Privi, an entertainment concept, opens this fall.

New Black Wall Street is a former Target repurposed as a destination for family fun, entertainment, shopping and fine dining. Shoppers feel like they are outside, yet they are shopping inside. This development showcases more than 100 minority and women-owned businesses.

Parkland Communities focuses on the underserved missing middle market. The concept of the missing middle is defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence but is a duplex, quad, eightplex or more. Missing middle housing is a key to providing affordable homes in many areas.

Homebuilders looking for lots and landowners who want to sell should contact Jim Jacobi at Parkland Communities to explore opportunities.

Alpharetta-based Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry, earning a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.ParklandCo.com.

Click here for more Parkland Communities news.

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